Tag: Breaking News: Business
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Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up 5%
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
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SpaceX cuts retail IPO allocation to low 20% range, source says
The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, according to a person familiar with the matter.
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CNBC Sport: The plan for this year’s World Cup to revolutionize Major League Soccer
MLS Commissioner Don Garber is banking on this year’s World Cup to change the trajectory of American soccer.
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From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
With SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history.
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Oil tanker CEO sees Hormuz ship traffic quickly increasing if U.S. and Iran reach a deal
Many shipowners are just waiting for the threat assessment to be downgraded before crossing Hormuz, Frontline CEO Lars Barstad said.
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Elections advertising spend for 2026 expected to reach record high, outpacing presidential years
High-profile 2026 midterm races in California, Texas and other key states are driving higher spend earlier in the cycle, AdImpact found.
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Hugo Boss pops 7% after top shareholder Frasers launches $2 billion takeover offer
British retail group Frasers owns a roughly 26% stake in Hugo Boss.
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Nike has limited time to prove itself, especially after a tough analyst downgrade
Nike is on borrowed time if it cannot prove itself in its next quarterly report.
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Commercial real estate saw record lending competition in April, according to JLL
Global credit activity among lenders as well as overall competitiveness of loan terms reached an all-time high in April, JLL found.
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North Carolina Treasurer passes on SpaceX citing valuation concerns; favors OpenAI, Anthropic
North Carolina has invested heavily in AI startups OpenAI and Anthropic while avoiding a direct stake in SpaceX.
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